Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:
John Keel, Director, Legislative Budget Board
IN RE:
HB1165 by Solomons (relating to corporations. ), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
The bill amends Texas Business Corporation Act provisions relating to the internal affairs of a corporation and amends filing instrument provisions. Although the bill as amended eliminates certain filing requirements for the purpose of facilitating electronic filing, it has no significant fiscal implications for the Secretary of State.
Local Government Impact
No fiscal implication to units of local government is anticipated.